Laurus Labs

₹438.7 11.6 | 2.7%

WEBSITE BSE:540222 NSE : LAURUSLABS 10 May, 16:01

Market Cap ₹23642 Cr.

Stock P/E 147.2

P/B 5.8

Current Price ₹438.7

Book Value ₹ 76.3

Face Value 2

52W High ₹470.9

Dividend Yield 0.18%

52W Low ₹ 299.3

Edit Ratio

Laurus Labs Research see more...

Overview Inc. Year: 2005Industry: Pharmaceuticals & Drugs

Laurus Labs Ltd is an India-based producer of active pharmaceutical ingredients (APIs) for anti-etrovirals (ARVs), oncology, cardiovascular, anti-diabetics, anti-asthma and gastroenterology. The Company develops and manufactures oral stable formulations, gives contract research and manufacturing services (CRAMS) and contract development and manufacturing company (CDMO) to the global pharmaceutical companies. The Company also produces special substances for nutraceuticals, dietary supplements, and cosmeceuticals. Its business gadgets includes Generics APIs, Generics Finished Dosage Forms (FDFs) and Synthesis/Ingredients. The Generics APIs enterprise accommodates the development, manufacture and sale of APIs and advanced intermediates inside the ARV, Hepatitis C, oncology, cardiovascular, anti-diabetic, anti-asthmatic, gastroenterology and ophthalmic therapeutic regions. The Generics FDFs is engaged in growing and manufacturing oral stable formulations.

Laurus Labs Share Price

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Peer Comparison

Laurus Labs Quarterly Results

#(Fig in Cr.)	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Net Sales	1029	1425	1539	1576	1545	1381	1182	1224	1195	1440
Other Income	5	1	2	1	1	2	4	2	2	19
Total Income	1034	1426	1541	1577	1546	1383	1185	1226	1197	1458
Total Expenditure	743	1028	1085	1127	1141	1095	1015	1037	1014	1198
Operating Profit	291	398	456	450	405	287	170	190	184	260
Interest	23	31	29	40	43	53	39	42	51	51
Depreciation	64	66	71	82	84	87	91	93	98	102
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	204	302	356	328	278	147	41	54	35	107
Provision for Tax	49	70	103	94	75	40	12	15	9	32
Profit After Tax	155	232	253	234	203	107	28	39	25	75
Adjustments	-1	-1	-1	-1	-0	-4	-4	-2	-2	0
Profit After Adjustments	154	231	251	233	203	103	25	37	23	76
Adjusted Earnings Per Share	2.9	4.3	4.7	4.3	3.8	1.9	0.5	0.7	0.4	1.4

Laurus Labs Profit & Loss

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	1160	1327	1778	1905	2056	2292	2832	4814	4936	6041	5041
Other Income	9	34	4	33	29	16	6	24	15	6	27
Total Income	1169	1361	1782	1938	2085	2308	2838	4837	4951	6047	5066
Total Expenditure	956	1131	1415	1497	1643	1936	2267	3263	3513	4448	4264
Operating Profit	212	229	367	441	443	372	570	1574	1438	1598	804
Interest	59	101	111	100	80	88	90	68	102	165	183
Depreciation	33	62	86	106	125	164	187	205	251	324	384
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	121	67	169	235	237	120	294	1301	1084	1109	237
Provision for Tax	24	-2	35	44	70	26	38	317	251	312	68
Profit After Tax	97	68	134	191	168	94	255	984	832	797	167
Adjustments	0	0	-0	-1	0	0	0	-0	-5	-12	-8
Profit After Adjustments	97	68	134	190	168	94	255	984	828	785	161
Adjusted Earnings Per Share	3.2	2.2	4.2	3.6	3.2	1.8	4.8	18.3	15.4	14.6	3

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	22%	29%	24%	0%
Operating Profit CAGR	11%	41%	29%	0%
PAT CAGR	-4%	46%	37%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	32%	-4%	42%	NA%
ROE Average	22%	32%	23%	21%
ROCE Average	23%	30%	22%	19%

Laurus Labs Balance Sheet

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	358	722	857	1330	1483	1558	1770	2598	3351	4038
Minority's Interest	0	0	0	0	0	0	0	3	8	11
Borrowings	188	304	460	125	142	259	165	429	596	761
Other Non-Current Liabilities	16	60	-32	8	33	37	49	264	332	418
Total Current Liabilities	711	802	884	1121	1307	1424	1692	2457	2681	2432
Total Liabilities	1273	1888	2169	2584	2964	3278	3676	5751	6968	7660
Fixed Assets	499	801	1021	1230	1481	1629	1726	2171	2652	3409
Other Non-Current Assets	197	223	145	214	235	186	138	505	971	790
Total Current Assets	575	862	1003	1140	1248	1463	1812	3075	3345	3462
Total Assets	1273	1888	2169	2584	2964	3278	3676	5751	6968	7660

Laurus Labs Cash Flow

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	3	15	40	13	2	3	3	2	48	75
Cash Flow from Operating Activities	121	-65	182	332	342	298	347	733	911	994
Cash Flow from Investing Activities	-312	-397	-312	-289	-384	-253	-221	-941	-914	-996
Cash Flow from Financing Activities	203	486	103	-54	42	-45	-128	255	30	-27
Net Cash Inflow / Outflow	12	24	-27	-10	1	0	-1	47	27	-29
Closing Cash & Cash Equivalent	15	40	13	2	3	3	2	48	75	46

Laurus Labs Ratios

#	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	3.16	2.2	4.24	3.56	3.16	1.76	4.78	18.33	15.4	14.56
CEPS(Rs)	4.23	4.18	6.99	5.62	5.53	4.85	8.28	22.16	20.17	20.81
DPS(Rs)	0	0	0.4	0.3	0.3	0.3	0.5	2	2	2
Book NAV/Share(Rs)	9.46	20.98	24.96	25.05	27.86	29.18	33.02	48.32	62.19	74.73
Core EBITDA Margin(%)	17.47	14.58	20	21.1	19.98	15.53	19.94	32.22	28.82	26.36
EBIT Margin(%)	15.4	12.53	15.47	17.35	15.32	9.07	13.53	28.45	24.03	21.09
Pre Tax Margin(%)	10.37	4.98	9.33	12.18	11.47	5.22	10.37	27.03	21.96	18.36
PAT Margin (%)	8.34	5.09	7.41	9.91	8.1	4.09	9.01	20.44	16.87	13.19
Cash Profit Margin (%)	11.16	9.69	12.18	15.39	14.16	11.26	15.63	24.7	21.96	18.55
ROA(%)	7.64	4.31	6.61	8.05	6.04	3	7.34	20.87	13.09	10.89
ROE(%)	33.42	14.47	18.65	18.12	11.97	6.19	15.39	45.15	28.05	21.63
ROCE(%)	19.96	13.74	16.35	16.52	13.68	8.22	14.14	39.82	25.97	22.97
Receivable days	61.02	65.47	73.56	95.66	100.4	101.97	96.76	79.52	98.37	88.66
Inventory Days	102.73	109.61	97	94.12	96.48	100.87	102.29	94.05	123.34	104.09
Payable days	115.25	101.84	87.3	94.21	99.44	119.3	145.69	155.37	175.76	106.1
PER(x)	0	0	0	28.91	31.83	45.38	13.51	19.75	38.31	20.12
Price/Book(x)	0	0	0	4.11	3.61	2.74	1.95	7.49	9.49	3.92
Dividend Yield(%)	0	0	0	0.29	0.3	0.38	0.77	0.55	0.34	0.68
EV/Net Sales(x)	0.52	0.64	0.61	3.3	3.07	2.31	1.59	4.33	6.76	2.93
EV/Core EBITDA(x)	2.81	3.68	2.95	14.25	14.26	14.21	7.9	13.23	23.2	11.08
Net Sales Growth(%)	0	14.39	34	7.15	7.96	11.47	23.55	69.99	2.54	22.39
EBIT Growth(%)	0	-6.62	67.08	19.61	-5.38	-34.42	84.28	257.33	-13.37	7.41
PAT Growth(%)	0	-29.93	96.91	42.64	-12.4	-44.06	172.25	285.4	-15.39	-4.3
EPS Growth(%)	0	-30.27	92.45	-15.95	-11.31	-44.27	171.04	283.84	-15.98	-5.42
Debt/Equity(x)	1.54	1.14	1.2	0.64	0.66	0.67	0.6	0.56	0.52	0.49
Current Ratio(x)	0.81	1.07	1.13	1.02	0.95	1.03	1.07	1.25	1.25	1.42
Quick Ratio(x)	0.35	0.48	0.58	0.56	0.51	0.55	0.54	0.61	0.59	0.73
Interest Cover(x)	3.06	1.66	2.52	3.35	3.98	2.36	4.28	20.09	11.59	7.71
Total Debt/Mcap(x)	0	0	0	0.15	0.18	0.24	0.31	0.07	0.05	0.12

Laurus Labs Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	27.27	27.27	27.27	27.27	27.2	27.2	27.2	27.2	27.19	27.19
FII	22.06	22.43	21.96	22.65	21.89	22.4	22.52	24.03	25.39	25.97
DII	6.92	7.95	9.13	9.33	9.53	9.75	10.35	11.01	11.13	11.77
Public	43.76	42.36	41.65	40.75	41.39	40.64	39.93	37.76	36.29	35.07
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	14.65	14.65	14.65	14.65	14.65	14.65	14.65	14.65	14.65	14.65
FII	11.85	12.05	11.8	12.17	11.79	12.07	12.13	12.94	13.68	14
DII	3.72	4.27	4.91	5.02	5.13	5.25	5.57	5.93	6	6.34
Public	23.51	22.76	22.38	21.9	22.29	21.89	21.51	20.34	19.56	18.9
Others	0	0	0	0	0	0	0	0	0	0
Total	53.74	53.74	53.74	53.74	53.87	53.87	53.87	53.87	53.9	53.9

Pros

Company has delivered good profit growth of 36% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 32%
Debtor days have improved from 175.76 to 106.1days.
Company is almost debt free.

Cons

Promoter holding is low: 27.19%.
Stock is trading at 5.8 times its book value.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Laurus Labs

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Laurus Labs Research see more...

Overview Inc. Year: 2005Industry: Pharmaceuticals & Drugs

Laurus Labs Share Price

Alert Data

Quarterly Price

Peer Comparison

Laurus Labs Quarterly Results

Laurus Labs Profit & Loss

Growth Rates

Laurus Labs Balance Sheet

Laurus Labs Cash Flow

Laurus Labs Ratios

Laurus Labs Shareholding Pattern

Laurus Labs News

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